Go Lily Go - Paying off the mortgage

andrea_louise

The Bosch washer is fantastic, but it beeps when it's finished, which it a tad annoying when you have put the load on before bed! I can't hear it from the bedroom, but my lovely little shelties can, and they bark and wake me up to tell me! Mind you Henry Barker, my youngest sheltie, loves to help, and he fills and empties the washer for me!

Thank you for your kind words. He had gone back to work after the freeman, he arrived here at 10.40pm, he is going for the bone marrow procedure to see if he is a match, but he was really down in the dumps. I wanted to visit his brother at the weekend, but he said, no because its a 90 min journey each way and i have problems with my spine, and he said you dont want to see him like that. so i plan to make him a basket of goodies for Bf to take up!

No I don't have a mortgage free diary. I would feel a bit of a fraud if i did. My mortgage is negligible really, circa 22k left, and it's a lifetime tracker of 0.34 above the base rate with a 2% floor. So MSE wise, I would be marginally better off throwing the £200 into my Santander current account which pays 3% interest. But of course, then there is the risk of spending it! Eek! I had four years of sheer hell, things only improved last summer. Prior to the four years of hell, I was quite reckless with money! Those four years taught me the best lesson ever, and now, I am justifying with myself every penny that leaves my purse. I refuse to do card payments (unless it's to fill the car up with diesel) as that would decimate my monthly allowance. I have one credit card, which is linked to my amazon account, and hid upstairs in a drawer. Which is paid off as soon as the bill comes in.

The first £5 of quidco earnings go on the fee, but if you have the quidco app on your phone, when you're out and about check in to high street stores, Laura Ashley, Republic, Carphone Warehouse, EE, various shops do it, you can easily cover your £5 per year in check in fees! Also check out the clicksnap area of the website, for general shopping, you can get money back on shopping, milk, weetabix, ambrosia Devon custard to name but a few!

Keep positive, you will have a lovely new washer, not much of the week left, so roll on next cash out of the bank day!

andrea_louise

[QUOTE=lilyp; If BF job works out we should have a little more but I know he will spend most of it. I still have no idea how he spends so much each month. He is supposed to be saving his receipts this month so he can demonstrate he spends it all on petrol

Do him a diary for a month, we bought some tiny notebooks from wilkinsons in the sale for 10p, in there he can pop his receipts in and record any coffee/sandwiches/lager spends. It's amazing how much goes on nothing! :eek: xx

lilyp

andrea_louise wrote: »

No I don't have a mortgage free diary. I would feel a bit of a fraud if i did. My mortgage is negligible really, circa 22k left, and it's a lifetime tracker of 0.34 above the base rate with a 2% floor. So MSE wise, I would be marginally better off throwing the £200 into my Santander current account which pays 3% interest. QUOTE]

Lucky you :j I would still pay it off or let money build up in the Santander account and then pay it off if you can resist spending it.

Like you I had 4 years of hell financially as well and I am very lucky to have a kind and wonderful mother who has prevented me from going bankrupt by letting me take her money invested in my property to pay off debt. My lesson is learnt and I am actually grateful for the weeks with nothing in the bank account and the days I spent hiding inside my house from baliffs. I had sunk really low, not all of it of my own making and I am proud to finally understand and cherish the value of every penny. Go us :beer:
I hope your bro in law is a match with your boyfriend. I know all too well how hard these things are. How long until they know the results? I dont think the taking of bone marrow is very nice but any discomfort will be so worth the results. Keeping my fingers crossed xx

lilyp

Another NSD - I should think so after yesterdays extravagance! Did however finish off whisky in cupboard but it has been a very stressful rollercoaster type week so as we have been strong and not smoked I am not going to beat myself up about it.

Seems like BF is inline for a promotion at work although redundancy is still a threat. I doubt our mortgage pot will see any of the extra cash but I am working on a plan that sees us living on BF wage alone and saving all mine. I need to pick my moment because BF gets very agitated when I talk about money

A few bits selling or sold on Ebay so should be some more for the pot. Longing for payday as I have only £50 in my account:eek: Last time I was this broke was before my lightbulb moment.

andrea_louise

lilyp wrote: »

Seems like BF is inline for a promotion at work although redundancy is still a threat. I doubt our mortgage pot will see any of the extra cash but I am working on a plan that sees us living on BF wage alone and saving all mine. I need to pick my moment because BF gets very agitated when I talk about money

A few bits selling or sold on Ebay so should be some more for the pot. Longing for payday as I have only £50 in my account:eek: Last time I was this broke was before my lightbulb moment.

I think all men get agitated when money is concerned, or any topic that they are totally not in control of?:eek:

Don't panic, only 2 weeks to payday, you can do it, with e bay's help! :T

My bf is doing the withdrawn bit, I asked about the hospital, and he proceeded to talk about work! :mad: he will not enter into any conversation about it! Never mind, he knows I am here..

Hope today has gone well

lilyp

Actually payday is tomorrow as I am paid weekly:T but pretty much every penny is going straight out on our first payment of mortgage 2 which is due next week. Very excited to finally have it and be paying it off even if we cant op for 2 years.

Tell me about withdrawn boys. Me - hows your mum? BF - dont want to talk about it because I just woke up, eating lunch, going to bed, its a day ending in Y etc. Be patient and he will. Boys dont tend to be as free with their emotions as us girls bless em;)

Had to spend £17 this morning on my costume for Comic Relief tomorrow. Not impressed. Also posted off a few Ebay parcels but other than that not much to report.

lilyp

I was wondering if anyone knew how strict the high interest current accounts are with who they take?

I have a poor credit score and a 2 year old (resolved) CCJ. Would love to be able to save in one of these as interest is higher than the mortgage rate but I think they will probably just turn me away :embarasse

andrea_louise

lilyp wrote: »

I was wondering if anyone knew how strict the high interest current accounts are with who they take?

I have a poor credit score and a 2 year old (resolved) CCJ. Would love to be able to save in one of these as interest is higher than the mortgage rate but I think they will probably just turn me away :embarasse

Tbh, I don't think they are that strict? :j I opened a first direct last February (before I got out of the mire) cos they were paying £125 to switch. Then when I did get out of the mire, they have a regular savings account which paid 8% interest (new regular savings pay 6% from feb13), I also opened a Santander 123 (via topcashback or quidco +£65 cashback) and 100£ switching bonus in October 12 and have been trying to load the balance on that, it also pays cashback on your direct debits -1% council tax, 2% gas electric water telephone, and 3% mobiles sky etc, although there is a £2 PCM fee, this is more than covered by the cashback, and the interest on the current account balance is a bonus. My last interest cashback payment last month was £13.16 after the £2 fee and the tax had been taken off. :T Bearing in mind, it was last August before I got back on my financial feet, I wouldn't have thought that I would have been allowed either?

Lloyds also have a similar type account. If you have an existing account with Santander of Lloyds ask the question! :T

There is a credit checker section on here I have seen, I am not sure if it is cards or cards and accounts, I will see if I can find it, and post you the link, after I have taken the doggies for their first walk/sniff/poop of the day.

andrea_louise

Hi LilyP,

It was a cards checker, it's here: http://www.moneysavingexpert.com/tips/16-01-2013/#credit I don't think you have anything to lose by applying, and the benefits of the Santander account are far better than any saving account. The cashback and switching bonus are just an added bonus!

lilyp

Thanks for that Andi - I think I will apply - they can only say no and my credit score is already in tatters so one more little dent cant hurt. I am a little bit worried about keeping all money in the account as it is so tempting to spend and we are really not in a position to op monthly but I have much more financial disipline now so I am sure it will be fine.

Yesterday ended a very stressful week for both of us so when I finally got home money was spent on a few beers but still cheaper than the pub right:D Also donated a fiver to Comic Relief through work antics.

Our washing machine is being delivered at some point today :j and BF and I are going to have a big tidy and sort out. We had planned to do a carboot sale tomorrow but looking at the weather we have decided to cancel.

Have a fab weekend everyone xxx